A major revision of a textbook on intermediate macroeconomics, a new emphasis on long run growth is now added to the book's strengths and even more international material - particularly international policy examples - is featured. "Macroeconomics", by two internationally known economists, offers a balance of theory, economic policy and real-world data. It covers open-economy (international) aspects of macroeconomics, as well as micro-foundations of macroeconomic theory, and it presents even-handed views of major schools of thought in macroeconomics. In this new edition, the streamlined presentation eliminates extraneous material, and consolidates material more effectively.